FYI: The U.S. bull market turns 10 years old Saturday, underscoring the resilience of a rally that has persisted despite tepid global growth, anxieties about central bank policies and mounting trade tensions.
The S&P 500 has climbed more than 300% since hitting its financial crisis low on March 9, 2009. Over that time, rising share prices and dividends have added around $21 trillion to the index’s value, according to S&P Dow Jones Indices.
Investors credited much of the first leg of the bull market to central banks slashing interest rates and scooping up trillions of dollars of bonds. But more recently, signs that U.S. growth remains solid—despite a slowdown across emerging markets and the eurozone—have helped stocks keep climbing.
Regards,
Ted
